ideaForge Technology Ltd. News and Updates

Keep track of all breaking news on ideaForge Technology Ltd. from all sources in a single place.

17 Apr 2025

379.15

1.30%

RTI activist seeks action against 2 IdeaForge partners who pitched drones with Chinese components in army tenders

Business Line

Rohal Technologies Pvt Ltd and Deftech & GreenIndia Pvt Ltd were disqualified after technical evaluations revealed the use of Chinese parts in IdeaForge's Q6 V2 UAVs

ideaForge Technology Ltd. is trading below its 100 day SMA of 473.8

ideaForge Technology Ltd.

14 Mar 2025

379.15

1.30%

IdeaForge to increase R&D spending this fiscal to boost UAV innovation

Business Standard

City-based drone maker ideaForge is planning higher R&D spend this fiscal year, as it develops technology and product platforms in the unmanned aerial vehicle (UAV) space. With the government committed to fostering domestic drone research, development, and manufacturing, continuous innovation through product and market research is essential for sustained growth in the UAV sector, the company said. "The R&D (research and development) spend last year was 22 per cent of our revenues. This year, depending on the revenue, the base may shift, but it will be on the higher side as compared to FY24," Ankit Mehta, co-founder and chief executive officer at ideaForge Technologies Ltd said. The company's consolidated revenue from operations in fiscal year ended March 31, 2024 stood at Rs 314-crore, while the Profit After Tax was at Rs 45.27 crore. For the latest December quarter, it reported a consolidated loss of Rs 24.02 crore. It had posted a PAT of Rs 14.7 crore in Q3FY24, while the...